Merit Medical Systems (MMSI) Free Cash Flow (2010 - 2026)

Merit Medical Systems' (MMSI) quarterly Free Cash Flow came in at $24.7 million in Q1 2026, down 32.88% year-on-year from $36.8 million in Q1 2025, and down 75.43% quarter-over-quarter from $100.4 million in Q4 2025.

Merit Medical Systems (MMSI) Free Cash Flow (2010 - 2026) Analysis & Trends

Merit Medical Systems has disclosed Free Cash Flow across 17 years of filings, most recently posting $24.7 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $24.7 million, down 32.88% year-over-year; the trailing twelve-month figure through Mar 2026 was $282.1 million (up 1898.64% YoY), and the FY2025 annual result was $294.2 million, up 58.48% from the prior year.
  • Free Cash Flow came in at $24.7 million for Q1 2026 at Merit Medical Systems, down from $100.4 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $104.8 million in Q3 2025 to a low of -$141.3 million in Q4 2024.
  • The 5-year median for Free Cash Flow is $37.7 million (2022), against an average of $33.4 million.
  • Across the five-year window, Free Cash Flow soared 680.12% in 2023 and sank 341.06% in 2024, its largest moves.
  • Merit Medical Systems' Free Cash Flow stood at $56.8 million in 2022, then climbed by 3.08% to $58.6 million in 2023, then tumbled by 341.06% to -$141.3 million in 2024, then soared by 171.07% to $100.4 million in 2025, then tumbled by 75.43% to $24.7 million in 2026.
  • The last three Free Cash Flow figures came in at $24.7 million (Q1 2026), $100.4 million (Q4 2025), and $104.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 808.60 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 546.00 Mn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 316.00 Mn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 520.48 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 63.80 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn -273.00 Mn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 96.40 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 120.26 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 76.00 Mn
10 Merit Medical Systems 4.03 Bn 3.54 Bn 184.80 Mn 24.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 24.67 Mn
Mar 31, 2026 24.67 Mn
Dec 31, 2025 100.40 Mn
Dec 31, 2025 100.40 Mn
Sep 30, 2025 104.77 Mn
Sep 30, 2025 104.77 Mn
Jun 30, 2025 52.31 Mn
Jun 30, 2025 52.31 Mn
Mar 31, 2025 36.76 Mn
Mar 31, 2025 36.76 Mn
Dec 31, 2024 -141.26 Mn
Dec 31, 2024 -141.26 Mn
Sep 30, 2024 43.84 Mn
Sep 30, 2024 43.84 Mn
Jun 30, 2024 74.78 Mn
Jun 30, 2024 74.78 Mn
Mar 31, 2024 24.53 Mn
Mar 31, 2024 24.53 Mn
Dec 31, 2023 58.60 Mn
Dec 31, 2023 58.60 Mn